Thoughts on SPCX and 'digital gold' narratives

It's interesting to see $SPCX pushing towards the upper end of its recent range today, hovering around the 126.71 high after that initial surge. We've seen a pretty strong bounce off the 115.72 area, suggesting some underlying demand there, but I'm keeping an eye on whether it can sustain this move through 127 without a significant retracement. My main concern would be a failure to hold above 125 on any pullback, which could suggest this move is more of a liquidity grab than a genuine breakout.